Pillarstone Capital REIT swings to profit in Q2; revenue falls 7% to $2.11 million
PILLARSTONE CAPITAL REIT PRLEQ | 0.00 |
- Pillarstone Capital REIT posted a net loss of $944,000 for Q2 2023, swinging from a $11,000 net loss a year earlier.
- Revenue fell 7% to $2.11 million; ending occupancy dropped 5 percentage points to 51%.
- Total operating expenses rose 38% to $2.9 million, driven by general and administrative costs climbing to $970,000.
- Net income attributable to common shareholders turned to $5,000 from a $75,000 loss; noncontrolling interest shifted to a $949,000 loss.
- Unrestricted cash totaled $3.3 million at June 30, 2023; six-month operating cash outflow was $598,000 with $1.1 million of capital spending.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pillarstone Capital REIT published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-020613), on June 15, 2026, and is solely responsible for the information contained therein.
